When Tesla founder Elon Musk appeared on the television magazine show 60 Minutes last Sunday, he acknowledged that the timing of his latest electric vehicle rollout had been slowed. But he nonetheless restated that he is committed to something far more profound — decarbonization of the automotive and energy sectors. His goal, overall, is to
Traditional auto manufacturers and middle distillate refiners should be wary that a niche technology could be about to snowball into full-scale disruption Clayton Christiansen’s classic business book The Innovator’s Dilemma argues that value to innovation is an S-curve, with a long initial phase of relatively slow value growth followed by an explosive ramp-up once the
Electric vehicle sales are likely to jump over the next two to three years as prices fall and more options are made available to customers, according to Evy Hambro, BlackRock’s global head of thematic and sector investing. Customers will have more opportunities to move away from traditional combustion engines to electric vehicles and their options
Recent cuts to the grants available for the purchase of electric vehicles are intended to move the sector away from “buyer subsidy”, according to energy and clean growth minister Claire Perry. Speaking to the business, energy and industrial strategy select committee, she added that grant payments potentially offered cash to vehicle owners who could already
Electric cars are a critical subject, and are likely to remain so as buyers respond to knee-jerk legislation by turning to electric vehicles (EVs) – be it plug-in hybrid or pure electric. Sales of those cars eligible for the (now reduced) government plug-in car grant are up 30 per cent year-on-year in the UK according
LONDON (Reuters) – Electric vehicles and more efficient fuel technology will cut transportation demand for oil by 2040 more than previously expected, but the world may still face a supply crunch without enough investment in new production, the International Energy Agency (IEA) said on Tuesday. Oil demand is not expected to peak before 2040, the
Electrification is one of the most significant trends in transport today. Future demand for both electric vehicles (EVs) and the associated electric vehicle supply equipment (EVSE) will, of course, be driven by increased adoption of electric vehicles by individuals and businesses. In this post, I will be making the case that the economics of EVs
The auto industry is headed for revolution, Trump notwithstanding. Though it may seem like several dozen scandals ago, the Trump administration is just now finalizing plans to freeze national fuel-economy standards in place, rather than steadily increasing them as Obama planned. This is a terrible idea, for reasons I have detailed at length — it
An investment opportunity of up to £6 billion is available to 2040 owing to the need for millions of electric vehicle chargers at workplaces, shops and motorway services, according to a report out this week. Released by Aurora Energy Research and supported by Eaton, NatWest, Lombard and the Renewable Energy Association, the study states the
Demand surges for hybrids and EVs in used car market
Consumer appetite for alternatively fuelled vehicles (AFV) is growing fast in the used car market. Over the last three months the percentage of fuel related searches on Auto Trader attributed to AFVs almost doubled, increasing from 4% to 7%. And in July, the UK’s fastest selling used car was a Renault Zoe; a first for
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